New Delhi, Jan. 29 -- US President Donald Trump on Thursday (January 29) sharply criticised Federal Reserve Chair Jerome Powell for refusing to cut interest rates, accusing him of damaging the economy and undermining national security.

In a lengthy post on Truth Social, Trump said the Fed's policy stance was unjustified and costly, arguing that inflation was no longer a concern and that borrowing costs should be far lower.

Trump once again targeted Powell personally, repeating a nickname he has frequently used.

"Jerome 'Too Late' Powell again refused to cut interest rates, even though he has absolutely no reason to keep them so high," Trump wrote.

"He is hurting our Country, and its National Security."

The President claimed the Fed c...